BTC/GBP hit a fresh high of 612.40 levels on Thursday and is currently trading slightly lower at 608.59 levels (Coinbase).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 576.60

Kijun Sen: 564.81

Trend reversal: 518.15 (90 EMA)

On the topside, a consistent break above today’s high (612.40 ) would target 619.43 (113% retracement of 611.12 (November 03 high)/628.

On the downside, support is seen at 577 (21-day MA) and a break below would weaken it to 547.20 (November 13) / 535.30 (November 03 low).